Annual Report 2016

Sir Edward ‘Weary’ Dunlop

Medical Research Foundation

About the Foundation

Founded in 1985, the Sir Edward Dunlop Medical Research Foundation has made a significant contribution to medical research, specifically aimed at the health and wellbeing of veterans and their families.

Sir Edward Dunlop was the driving force behind the formation of the Foundation as well as the inaugural Patron and a prolific fundraiser. Our Mission

The Foundation is supported by ex-service organisations, To pursue Sir Edward Dunlop’s commitment to improving the health care the Department of Veterans' Affairs and and general wellbeing of those who serve their country, their families, community-minded companies and individuals. and the wider community, and to promote his example of compassion, courage, leadership, and innovation among young and older Australians Since 1987, the Foundation has contributed to Australia’s medical research capability. The research it funds leads to new discoveries and improvement in the treatment and Our Objectives prevention of many illnesses that affect the veteran community.

This research has also had a significant impact on the broader We progress Weary Dunlop’s legacy by: community. • supporting research into medical conditions prevalent among ex-servicemen and women and their families

• developing the nation’s medical research capability through the support of new and emerging researchers

We increase understanding of this inspiring Australian and his outstanding contribution to our heritage by: The Foundation is proud to have as its Chief Patron His Excellency General the Honourable • educating our students about his life and achievements Sir Peter Cosgrove AK MC (Retd) and Patron • conducting commemorative services to honour the service of Mr Hugh Morgan AC Sir Edward Dunlop and his fellow Ex-Prisoners of War “The impact of the stress and strain of

war upon the physical and mental health

of veterans and upon ageing processes is a vital area of research, with ultimately immense application to the community as a whole”

Sir Edward Dunlop Contents

About our Founder ...... 4 Chairman’s Message ...... 5 Board of Directors ...... 6 Medical & Scientific Committee Report ...... 7

Research Grants 2016 ...... 8

Dunlop Senior Research Fellow Report ...... 9

Weary Dunlop Swinburne Scholarship Essay ...... 11 Highlights of 2015-2016 ...... 12 Honorary Treasurer’s Report...... 13

Financial Statements ...... 14

Auditor’s Report ...... 15 Our Supporters ...... 17

Weary, were railed in crowded rice trucks and sent About Our Founder to Thailand.

The Japanese utilised these men to build a Sir Ernest Edward 'Weary' Dunlop is one of the continuous strategic rail line between Burma and extraordinary figures in Australia’s history. His Siam. Over 400 kilometres long, this ambitious name and deeds are associated with compassion, Japanese engineering project became known as 'the courage, leadership, steadfastness and hope. Railway of Death' – it has been estimated that, Ernest Edward Dunlop was born on 12 July, 1907 at including POWs and native labour, the construction Wangaratta, Victoria, Australia. of this railway cost 100,000 lives. Helen Ferguson, at the Toorak Presbyterian Church; He was a good student and at 16 years of age, had Weary led the first Australian group to arrive in they had been engaged since 1940. Their first child, completed his studies at Benalla High School. Thailand to work on the Railway. In his dual Alexander Boyd, was born on 5 August 1947 and their second son, John, was born in June 1949. In 1927 he travelled to Melbourne where he capacity of Commanding Officer and Surgeon, he completed a pharmacy course, graduating top of his had the care and responsibility for over 1,000 men. In the post-war years, Sir Edward continued his class. In the same year, he began to study medicine This group became known as 'Dunlop Force' or distinguished medical career. In 1969 he was at The University of Melbourne, excelling in his 'Dunlop's Thousand'. knighted in recognition of his contribution to studies and also in sport. He played with 'The Weary' s medical skills, compassion and dedication medicine. In 1976 Sir Edward Dunlop was honoured Wallabies', Australia's national rugby team, as well to duty inspired his fellow POWs. He displayed as Australian of the Year. He was very active in the as becoming the University's champion boxer. extraordinary courage in attempting to improve the ex-service community and was awarded an Graduating from Melbourne University in 1934 with harsh living and working conditions imposed by his honorary life membership of the Returned and his medical degree (MB BS), he was granted a captors. With scarce medical supplies and lack of Services League in 1979. Fellowship at the Royal Australasian College of proper instruments, improvisation was the order of Sir Edward became an ambassador for Australia, Surgeons. the day and often made the difference between building bridges of friendship wherever he travelled At the outbreak of The Second World War in 1939, death and survival. in Asia. In Asia, particularly in Thailand, he was he immediately enlisted and was posted to an Weary used his position as a doctor and revered. He often travelled to Vietnam, Japan and Australian Unit in Jerusalem, Palestine. Commanding Officer to protect his men. Having the Moscow, easily and graciously surmounting all cultural barriers. Weary continued his service with the Royal awesome responsibility of deciding who was fit Australian Army Medical Corps in Crete, Greece, as enough for work and who could remain behind to On 2 July 1993, Sir Edward Dunlop passed away. A well as the Middle East. In 1942 he was sent to Java, perhaps survive, he would often stand up to the state funeral was held at St Paul's Cathedral. An Indonesia. In March of that year, the Japanese Japanese soldiers, frequently with dire estimated 10,000 people lined the streets of captured Weary's hospital and so he became a consequences for himself. Melbourne for his funeral. A wonderful eulogy was prisoner of war (POW). All POWs were taken by In 1946, three weeks after he returned to delivered by former High Court Justice and Governor ship to Singapore and from there some, including Melbourne, Sir Edward married his sweetheart, General Sir Ninian Stephen.

On behalf of the Directors of the Chairman’s Message Sir Edward ‘Weary’ Dunlop Medical

Research Foundation I have pleasure in presenting this annual report to the members of the Foundation and to our interested stakeholders

In my role as Foundation Chairman, I have been struck at his statue in St Kilda Road on his birthday, 12th July. by the number of people who profess to having had This year’s service was again well-attended in bright some kind of personal connection with Sir Edward sunshine. It was especially pleasing to see an Dunlop. increased number of school children attending.

Whether it is the nurse who worked with him in Our relationship with Victorian schools has been surgery at Royal Melbourne Hospital, or the patient developing, and will gain impetus from interaction Of course, fundraising remains a significant concern. treated by him at Wickliffe in rural Victoria where he with the website. In particular, we were pleased this While donations from various sources are increasing, was a visiting specialist, or the young man who met year to formalise our relations with Blackburn High we are still pursuing our target to finance our total him at a Rugby match, the list goes on – all, however, School under The Shrine of Remembrance’s Adopt an research activities from funds raised each year. clearly remember the encounter, and remark on his Ex-Service Organisation program. Dunlop House at Attracting corporate and private philanthropy, and warmth and genuine concern for people. Blackburn is a longstanding supporter. refining our marketing approach, will continue to be a Now, more than thirty years after the creation of the The Foundation again awarded six grants of $20,000 major challenge in the coming year.

Foundation that bears his name, we remain as each. We were especially grateful to receive I thank the many supporters who endorse the committed as ever to promoting to Australians, and additional assistance from Air Force Association Foundation’s work and all of our donors and sponsors. especially the young, the qualities he displayed Victoria, who will contribute to funding Professor throughout his life – his care, compassion, leadership, Kanaan’s work on a new PTSD treatment. The contribution of Tom Roberts who retired from the tolerance, inventiveness. His wonderful example is Board during the year was greatly valued, and we there to motivate and inspire all of us. In the meantime, Dr Elif Ekinci, our Dunlop Senior welcome Carl Schiller as his replacement from RAAFA. Research Fellow has had a very busy period. We are Finally, to my Board colleagues and the members of This year we launched our new website. A special pleased to include her inaugural report in these pages. the Medical & Scientific Committee, thank you for feature of the new site is a significant educational your constant support in helping to ensure that Weary component, developed by Ryebuck Media. It gives The annual Dunlop Symposium was again held as part Dunlop’s vision lives on. students the resources to explore and learn about of Austin Health’s Research Month. We appreciate

Weary Dunlop’s achievements and experiences. the ongoing support of Austin Health, and of Professor Jeffrey Zajac and Ms Deborah Gillespie who We continue to commemorate these experiences, and make this such a successful showcase of the Mike O’Meara Chair those of his fellow Prisoners of War, in a service held marvellous research work that we support.

B O A R D

Mr Mike O’Meara Chair Mr Michael Fidler Mr Ray Gill Mr Dennis Payne Dr Jane Fyfield Vice Chair Secretary Hon Treasurer (RSL) (AVADSC) O F

D I Mr Fred Cullen OAM Mr Ross Smith MAJ GEN Prof Jeffrey Prof Jeffrey Zajac Mr John Geary Rosenfeld AM OBE Chair Med&Sc Committee DVA Dep Commissioner R E C T O

R Dr Elif Ekinci Mr Carl Schiller OAM CSM Mr Russell Pettis Mr Hugh Roberton Mr Neil Thompson CSC S Dunlop Research Fellow (RAAF Association) (Naval Association) (Legacy) (SAS Association)

The Dunlop Board is comprised of representatives of ex-service organisations, the medical profession, academia, government and business. All are unpaid volunteers. As well as contributing professional experience and expertise, the Directors share a passion for ensuring that Weary Dunlop’s example as an outstanding Australian is not forgotten, and that his legacy continues to benefit the individuals and families of those

Mr Geoff Hook OAM Mrs Kath Fidler Minute Sec who have served their country.

Medical & Scientific Committee (30 June 2016)

Medical & Scientific Professor Jeffrey Zajac MBBS PhD FRACP - Chairman Head, Department of Medicine, University of Melbourne, Austin Health Committee Report Professor Bill Louis MBBS MD FRACP FAHA - Vice Chairman Emeritus Professor, University of Melbourne Professor of Clinical Pharmacology, University of Melbourne, Austin Health

Professo r John McNeil MBBS MSc PhD FRACP FAFPHM - Immediate Past Chairman I am delighted to report on the activities of the Medical & Scientific Committee Head, Department of Epidemiology & Preventative Medicine, Monash University for 2016. Associate Professor Sofianos Andrikopoulos Bsc. PhD NH&MRC Principal Research Fellow The major functions of this committee are to select an appropriate number of Head, Islet Biology Research, University of Melbourne, Austin Health high quality grant proposals for funding. This process is absolutely dependent on the members of the Medical & Scientific Committee who score the applications Professor Mark Cooper MBBS PhD FRACP FAHA FASN Head, Division of Diabetes & Metabolism, Baker Heart Research Institute for grant funding. This year there were 21 grant applications and 6 were selected for funding. As always our focus was on common diseases affecting veterans, Dr Mario De Luise MBBS BmedSci PhD FRACP their dependents, those serving in the armed forces, and people in the general Consultant Endocrinologist, Austin Health community. Professor Albert Frauman MBBS MD FRACP FACCP FACP Director, Clinical Pharmacology & Therapeutics, University of Melbourne, Austin The aim of the Dunlop Foundation grant funding is to provide seed funding to Health allow research ideas to develop into larger proposals suitable for funding by the Professor Malcolm Hopwood MBBS MD NHMRC or other national funding bodies. Director of the Brain Disorders Program (BDP) and the Psychological Trauma This year there were 6 grants of $20,000 each, totalling $120,000 in research Recovery grant funding. The details of the successful grants are included below. Service (PTRS) University of Melbourne, Austin Health

Once again the Medical and Scientific Committee organised a very successful Dr Graeme Killer AO MBBS MSc DipAvMed DIH FAFOM FAFPHM MRACMA Dunlop Symposium as part of the Austin Hospital Research Fest. There were over Principal Medical Advisor, Department of Veterans’ Affairs 120 people in the audience who listened to 3 very interesting presentations from past recipients of Dunlop grants. The Symposium was considered very successful Professor Joseph Proietto MBBS PhD FRACP by all who attended. Department of Endocrinology, University of Melbourne, Heidelberg Repatriation Hospital Prof Jeffrey Zajac MBBS PhD FRACP Dunlop Research Grants 2016

2016 Grant Recipients from left to right:

Prof Richard Kanaan, Assoc Prof Sof Andrikopoulos, Dr Bianca Bernardo, Prof Ken Pang, Dr Michael Hildebrand, Dr Amardeep S Dhillon

The generous donations received this year by those who believe in Sir Edward Dunlop and all he stands for, have been directed into funding the following excellent projects:

Professor Richard Kanaan BA MA MBBS MRCPsych PhD FRANZCP (University of Melbourne) “The efficacy of N-acetylcysteine as an adjunctive treatment in post-traumatic stress disorder”: new treatment for post-traumatic stress syndrome

Assoc. Professor Sof Andrikopoulos BSc (Hons) PhD (University of Melbourne) “Investigating the potential of reducing tissue fat uptake (using a VEGF-B antibody) for improving insulin secretion and glucose control in a model type 2 diabetes”. Weight reduction in type 2 diabetes

Dr Bianca Bernardo BSc (Biomed) (Hons) PhD (Baker IDI Heart & Diabetes Institute) “Development of a heart-specific microRNA-based therapy for the treatment of heart failure” : new treatment for heart failure

Professor Ken Pang MBBS (Hons) BMed Sc PhD FRACP (Murdoch Children’s Research Institute) “SIDT2: An endogenous portal for RNA therapeutic delivery” : new forms of delivering cutting edge drug treatment

Dr Michael Hildebrand BBiomedSci BSc (Hons) PhD (University of Melbourne) “Zinc & seizures” : Treatment of epilepsy

Dr Amardeep S. Dhillon PhD (Olivia Newton-John Cancer Research Institute) “Role of activator protein-1 in BRAF mutant colorectal cancer” : Understanding the cause of bowel cancer Sir Edward Dunlop Senior Research Fellow Report

Diabetes is a leading cause of cardiovascular Dr Cilla Haywood won the career researcher award PUBLICATIONS: disease. With increasing age, the prevalence of at ANZSGM ASM-Obesity in older adults: effect of The Clinical Research Unit published 21 papers in diabetes and obesity increases. Following a weight loss on physical function and cognitive tests leading diabetes, obesity and metabolism diagnosis of diabetes, after a period of more than 5 Dr Cilla Haywood won the early career research international journals. years, there is risk of development of award at ANZOS ASM -Treatment of obesity in older complications, in particular the risk of development adults: effects of VLEDs. SUPERVISION: of kidney disease and cardiovascular disease. These The following PhD students are physicians who are metabolic diseases, including their complications, GRANTS: currently supervised by myself or Professor Proietto affect many Veterans and their families. 2015: The University of Melbourne, Early Career in the department in the fields of diabetes and The Metabolic Disorders Unit at the Repatriation Researcher Grant Scheme 2016 “Evaluating obesity: Hospital had a very active and successful year in Hyperfiltration in Diabetic Kidney Disease”, Dr Jasmine Seah, Dr Sara Baqar, Dr Sarah Price, Dr 2015. We achieved the following: $40,000, Chief investigator Elif Ekinci Geetha Theverkalam - Endocrinologists 2015: Sir Edward Dunlop Medical Research Dr Irina Churilov – Rehabilitation Physician Foundation 2015 Grant- “Effects of Salt loading on Kira Edwards - Nutritionist AWARDS: Sympathetic Nervous System Activity and I was awarded of the Biomedical Research Endothelial Function in Type 2 Diabetes Mellitus”, The following post doctorate research fellows are Victoria (BioMedVic) 2015 Victorian Clinician $20,000, Chief investigator Elif Ekinci. With also working with us in the department: Researcher Network (VCRN) Early Career Clinician colleagues I was an investigator in research funding Dr Priya Sumithran - Endocrinologist Researcher Award – Medical category. totalling $464,312.50. Dr Cilla Haywood – Endocrinologist (BioMedVic represents 40% of Australia’s Dr Cilla Haywood was awarded the Bernie Sweet biomedical researchers from universities, teaching Fellowship $20,000 as the leading early career I have supervised the following University of hospitals, medical research institutes, CSIRO and researcher at Austin Health. Melbourne Scholarly Selective research students to other research organisations in Victoria). completion in 2015: I was also awarded the 2015 National Association of CLINICAL TRIALS: • Alvin Kong “The prevalence of diabetes mellitus and Diabetes Centres (NADC) ‘Best Practices in Diabetes The Clinical Research Unit undertook 16 Drug trials its impact on orthopedic inpatients”, Centres (BPDC) Symposium’ Certificate of Merit for and 4 investigator-initiated studies. (i) poster short-listed to be in the top 3 within the research and national influence for Austin Health Faculty of Medicine, University of Melbourne (out of >300 students) and increased in patients with diabetic kidney disease?” Discovery Project using CERNER for Better Care (ii) winner of the prize for best research oral • James Christopher Tai “Effects of salt intake on Victoria at the Department of Health and Human presentation in Medicine, presented by the Florey microRNA expression associated with endothelial Services with the Minister for Health attending and Institute, co- supervised by Prof Jeffrey Zajac dysfunction in Type II Diabetes Mellitus” focus on innovation in healthcare. • Nicholas Radcliffe, “Rates of CKD3 Development in • Cathy Biyun Zai “Diabetes Transition Study - • 20th April 2016 Melbourne Primary Health Type 1 and Type 2 Diabetes with and without Improving the transition of care for people with Networks: Initiating Injectable Therapy in type 2 Glomerular Hyperfiltration” poster finalist Faculty diabetes”, co-supervised by Prof Jeffrey Zajac Diabetes of Medicine, University of Melbourne • Dorothy Liu “Effects of habitual dietary salt intake • Wednesday 16th of March 2016 Northern • Ning Mao Kong, “Pre-gestational Diabetes in on endothelial microparticles in type 2 diabetes” Metropolitan Networking Group for Diabetes Pregnancy – time to focus on type 2 diabetes?” • Cara Tanner ‘Understanding the effects of Educators Diabetes Discovery and SGLT2 inhibitors Poster finalist Faculty of Medicine, University of pregnancy on renal function in women with type • Royal Australasian College of Physicians Advance Melbourne 1and type 2 diabetes’. Trainees Lecture Australia wide lecture “SGLT2 th • Yee Wen Kong, “Effects of Salt Supplementation on • Mei Lun Ly “The impact of substantial weight loss inhibitors in type 2 diabetes”, 9 of December 2015 Endothelial Dysfunction and Sympathetic Nervous on thyroid function in obese women and the • General Practice Education Series (CPD) “Diabetes System (SNS) in Type 2 Diabetes Mellitus (T2DM)” implications in pregnancy”. Update- SGLT2 inhibitors in type 2 diabetes”, 2nd of • Sonja Arthur, “Improving the transition from December 2015 hospital to the home for people with type 2 PRESENTATIONS: • Sir Edward “Weary” Dunlop Symposium, Friday 23rd diabetes initiating injectable diabetes therapies”, October 2015 “The effects of salt intake on co-supervised by Prof Jeffrey Zajac The group presented > 20 times at leading national diabetes” and international • Chair, Poster Discussion, Clinical Inertia, Australian I am currently supervising the following scholarly diabetes/obesity/endocrinology/metabolism Diabetes Society, ASM, Adelaide, 2015 selective students to completion in 2016: Scientific Meetings. • Chair, Scientific forum to mark the retirement of • Jeremy Lew “The prevalence of diabetes mellitus I have been invited to present at the following Professor Joseph Proietto, University of Melbourne, and its impact on stroke inpatients”, co-supervised scientific and clinical meetings: 17th of April 2015 by Prof Jeffrey Zajac • Invitation by Hon Mary Wooldridge to participate in • “Effects of salt intake in diabetes” 2015 Novo • Adrian Michalopoulos "An Updated Review of a round table discussion regarding health and Nordisk VIC/TAS Endocrine Weekend Meeting, Dietary Sodium And Potassium Intake at a Tertiary medical research in Victoria, Parliament House, Torquay, Saturday 25th July 2015. Referral Centre: Are We Meeting The Monday 23/5/2016. Recommended Guidelines?" • Invitation to present at the innovation forum 19th of • Lauren Winter “Is the neutrophil-lymphocyte ratio May 2016 at Department of Health on Diabetes

Dr Elif I Ekinci MBBS, FRACP, PhD

Weary Dunlop Swinburne Scholarship Essay 2016 The Weary Dunlop Scholarship, made possible through the co-operation of Swinburne University and the City of Stonnington, is awarded annually to a student of Swinburne University with a history of commitment to public and community service.

The significance of the Life of Sir Edward ‘Weary’ Dunlop in respect of community service Antonella Di Fiori

“The quiet lion” as they would call Edward, during the Second World War had lived a remarkable life. Inspiring the whole nation of Australia and others, Weary accomplished and conquered the impossible as he lived through war itself. The memorable fact about Edward Dunlop is that he had a noble heart for helping others and a humble spirit that never gave up, regardless of the circumstances. Weary made a significant impact in the lives of many in our community.

Edward’s mission in life was to do everything in his power to serve our community. Through Weary’s life story we know he had a profound understanding of the importance of volunteering. Community service and volunteering go hand in hand - both intend to serve and help people, although volunteers can be rewarded and receive an honorarium or stipend as recognition for their voluntary work (Volunteering Australia 2016). Some time before World War II, Weary’s involvement in community service had started. Whilst studying medicine at the University of Melbourne, Edward volunteered to be part of the rugby union team, the Wallabies. He was to become the only Victorian in the Australian Rugby Union Hall of Fame (Australian Government 2016). Dunlop was also so passionate about medicine that he went to England to take up postgraduate studies in 1939 and became a specialist surgeon.

During that time, the Second World War broke out and Weary willingly volunteered to go to war in the Second Australian Imperial Force. This was the name given to all volunteer personnel in the Australian Army. Edward served in the Australian Army Medical Corps, when he became a prisoner of war. In 1945 the war ended and Weary left on the last Australian flight out of Thailand (Australian Government 2016).

Weary was ultimately rewarded for his service to our country and received full recognition from the Australian Government. He was a leader in the Australian community and an advocate for improving the country's relationship with South East Asia (Australian Government 2016). He also developed many community partnerships and in 1985 he established the “Sir Edward Weary Dunlop Medical Research Foundation” (Sir Edward Dunlop Medical Research Foundation 2016). Sir Edward’s Foundation offers great benefits to the Australian community. Their mission is to improve the quality of life of returned service personnel, to facilitate research and promote Veterans’ well being (Sir Edward Dunlop Medical Research Foundation 2016). The Foundation awards grants to research projects across Victoria and supports a University of Melbourne senior medical research position. In 1993 Sir Edward ‘Weary’ Dunlop died. His funeral was held at St Paul’s Cathedral and an estimated 10,000 people attended this noteworthy event (Australian Government 2016). In 1995 funds were raised through a Weary Dunlop Statue Appeal and Premier Jeff Kennett unveiled the Weary Dunlop Statue on 15 August 1995 (University of Melbourne 2008). Weary’s moving life story has completely impacted my view on life. The legacy of serving the community has been passed on, not only to his family but also to all generations to come. Sir Edward Dunlop is a big hero, an encouraging person who chased after his calling with no fear of holding back. He certainly lived an honourable life, touching and moving thousands with his life story.

Highlights of 2015-2016

• the annual Dunlop service at Weary’s statue

• the ADF helps out with our fundraising Appeal in the CBD

• the Dunlop Symposium at Austin Health

Board member Geoff Hook OAM’s artistic impression of Weary

Honorary Treasurer’s Report

The Foundation’s finances continue in good order with net assets at The new website is a major investment, important if the Foundation is to 30 June 2016 of $1,625,883 (2014/15 $1,792,220). The Operating Deficit for remain relevant, with an up to date image, highlighting the important work the financial year was $168,702 ($55,531 in 2014/15). The operating result and carried out in the name of Weary Dunlop and able to generate donations from the net asset position reflect the impact of three major factors: people who seek to learn more about the Foundation. Apart from the website expenditure the other overhead costs are kept to a - Donations were down year on year by $53,816, minimum and closely controlled. All board members volunteer their time and - Investment income was less than last year by $16,298, none claim expenses. No monies are paid for fund raising. - Expenditure to launch a new website of $43,332. Medical research grants, in the form of six grants of $20,000 each, were Almost all of the Foundations assets are managed by the Shadforth Financial provided to emerging researchers at various Victorian medical institutions in Group, part of the IOOF group. The investment funds are managed with the 2015/16. The research topics covered a range of medical conditions where the objective of producing the maximum return but with a safe risk profile. outcomes will benefit veterans as well as the general community. The 2015/16 was a difficult year in terms of generating income from these Foundation also contributed $75,000 to the University of Melbourne for the investment funds and the receipts were less than those of the previous year. The Foundation monitors the funds invested closely in conjunction with position of Dunlop Senior Research Fellow based at Heidelberg Repatriation Shadforth and receives quarterly performance reports. Hospital. The Foundations aim is to make these valuable contributions to research in perpetuity, increasing the value of grants in line with increases in its In 2015/16 donations were also less than in the previous year. The Foundation income. launched a 5 year, $5m fund raising initiative in May 2015 and has raised over $113,000 so far. There is still a long way to go and an objective Thanks to my fellow board members for their assistance during the year and to is to expand corporate and major philanthropic donations during 2016/17. A Cummings Flavel McCormack of St Kilda Road who provide audit services pro- Corporate and Philanthropic Sub-committee has been formed to focus on bono and to Heather Tinkler for attending to the accounts on a voluntary basis. donations from this area and the challenge is to make our name more widely recognised amongst these major benefactors. Dennis Payne B. Econ. CPA Statement of Operating Result Statement of Financial Position For the year ended 30 June 2016 As at 30 June 2016

Note 2016 2015 2016 2015 $ $ $ $ Operating revenue from ordinary activities 2a 105,528 175,643 Assets Operating expenses from ordinary activities 2b (274,230) (231,174) Current assets Cash assets 29,759 49,127 Operating deficit before income tax (168,702) (55,531) Receivables 10,100 11,053 Income tax attributable to operating deficit - - Other financial assets 1,586,024 1,732,040 (168,702) (55,531) Other comprehensive income - - Total current assets 1,625,883 1,792,220

(168,702) (55,531) Operating deficit for the year Total assets 1,625,883 1,792,220

NOTES TO THE FINANCIAL STATEMENTS Net assets 1,625,883 1,792,220 2. Operating surplus from ordinary activities Included in the operating surplus are the following items: a Revenue from operating activities Equity Donations events And book sales 50,885 101,093 Retained surplus 1,466,374 1,635,076 Deceased estate bequests - 3,608 Asset revaluation reserve 159,509 157,144 ______

Total Revenue from operating activities 50,885 104,701 Total equity 1,625,883 1,792,220 Revenue from non-operating activities Interest received 737 1,177 Distributions received 40,321 61,443 Other income 13,585 8,321 Total revenue from non-operating activities 54,643 70,941

Total revenue from ordinary activities 105,528 175,643

b Expenses 195,000 195,000 Research Grants 451 5,000 Other Grants and Donations 76,740 28,674 Fundraising and other operating expenses 2,039 2,500 Audit and accounting services

Total expenses from operating activities 274,230 231,174

CFMC Assurance

INDEPENDENT AUDITOR REPORT

To the members of The Sir Edward 'Weary' Dunlop Medical Research Foundation

We have audited the accompanying financial report, being a general purpose financial report, of The Sir Edward 'Weary' Dunlop Medical Research Foundation (the Foundation), which comprises the statement of operating surplus, statement of financial position as at 30 June 2016, statement of cash flows for the year then ended, notes comprising a summary of significant accounting policies and other explanatory information, and the directors' declaration.

Directors' Responsibility for the Financial Report

The directors of the Foundation are responsible for the preparation of the financial report that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001 and for such internal control as the directors determine is necessary to enable the preparation of the financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error.

Auditor's Responsibility

Our responsibility is to express an opinion on the financial report based on our audit. We have conducted our audit in accordance with Australian Auditing Standards. Those standards require that we comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance whether the financial report is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. The procedures selected depend on the auditor's judgement, including the assessment of the risks of material misstatement of the financial report, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the company's preparation of the financial report that gives true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the directors, as well as evaluating the overall presentation of the financial report.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Independence

In conducting our audit, we have complied with the independence requirements of the Corporations Act 2001. We confirm that the independence declaration required by the Corporations Act 2001, which has been given to the directors of The Foundation, would be in the same terms if given to the directors as at the time of this auditor's report.

l

Basis for Qualified Conclusion

Revenue from Donations, Events and Book Sales is a significant source of income for the Foundation. It is not considered practicable to establish total control over the collection of this revenue prior to entry into the financial records. Accordingly, as the evidence available to us regarding revenue from this source is limited, our audit procedures with respect to donations income has to be restricted to the amounts recorded in the financial records. We are therefore unable to express a conclusion as to whether the revenue recorded from this source is complete.

Qualified Conclusion

Based on our review, except for the effects of such adjustments, if any, as might have been determined to be necessary had we been able to satisfy ourselves as to the above mentioned revenue amounts, nothing has come to our attention that causes us to believe that these financial statements do not give a true and fair view of the financial position of the company as at 30 June 2016 and its financial performance for the year then ended in accordance with Australian Accounting Standards.

Opinion

In our opinion, except for the effects of the matter described in the Basis of Qualified Conclusion paragraph, the financial report of The Foundation is in accordance with the Corporations Act 2001, including:

(i) giving a true and fair view of the company's financial position as at 30 June 2016 and of its performance for the year ended on that date; and

(ii) complying with Australian Accounting Standards and the Corporations Regulations 2001

CFMC Assurance Pty Ltd

Gregory Hudswell Director Level 15, 390 St Kilda Road MELBOURNE, VIC 3004

Dated this 19th day of October 2016

The Sir Edward ‘Weary’ Dunlop Medical Research Foundation expresses its gratitude to all helpers, sponsors and benefactors whose generous support enables the Foundation to continue the important Weary Dunlop legacy. Thank you.

THE WORK OF THE FOUNDATION IS

ENDORSED BY ...

R SL Victoria University of Melbourne

Ex-POW and Relatives Association

Ivanhoe RSL Sub-Branch Lilydale RSL Sub-Branch

Lodge Liberation

AVADSC Bell Charitable Fund

Shadforth Financial Group Melbourne Legacy

Austin Health Department of Veterans’ Affairs

Swinburne University of Technology Special Air Service Association of Australia (Vic)

Naval Association of Australia Air Force Association Victoria

Vietnam Veterans Association of Australia (Vic) War Widows Guild of Australia (Victoria)

Our thanks to King & Wood Mallesons for their legal assistance and support throughout the year, and to Cummings Flavel McCormack for their pro bono audit services

Sir Edward ‘Weary’ Dunlop Medical Research Foundation

Sir EdwardACN ‘Weary’ 006 753 Dunlop 162 ABN 92 536 010 060 MedicalHeidelberg Research Repatriation Foundation Hospital ACN 006 753 162 ABN 92 536Austin 010 Health060 Heidelberg RepatriationPO Hospital Box 5444 Austin Health Heidelberg West Vic 3081 PO Box 5444 Heidelberg WestTel.: 03 VIC 9496 3081 2598

Email: [email protected].: 03 9496 2598 www.siredwarddunlop.org.au Email: [email protected] www.siredwarddunlop.org.au